Category: Analysis

For the past few months many of the people involved in the Bitcoin community have been arguing on how to increase Bitcoin’s current block size of 1MB, in order to accommodate bigger transaction volumes and avoid rising transaction fees.

The blockchain’s rise to popularity especially over the past year has mainly been driven by the fact that companies have started to realize that blockchains can be used for many more purposes than just digital currency transactions.

With the debate on Bitcoin’s scalability still unresolved, and even escalating over recent months, the digital currency could learn from other cryptocurrencies that have faced difficult and fundamental decisions before.